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Laurion Mineral Exploration Inc. V.LME

Alternate Symbol(s):  LMEFF

Metals & Mining Gold
Laurion Mineral Exploration Inc. is a Canada-based mid-stage junior exploration and development company. The Company is engaged in the acquisition, exploration and development of Canadian gold and base metal mineral resource properties. It is focused primarily on its wholly owned 57.43 square kilometers (km2) (14,191 acres) flagship brownfield, Ishkoday Gold and Polymetallic Project, located 220 kilometers (km) North-East of Thunder Bay, Ontario, Canada. Its Ishkoday is situated in the Onaman-Tashota Greenstone Camp in the Irwin, Walters, Elmhirst and Pifher Townships located 25 km northeast of the Town of Beardmore, Ontario and 220 km northeast of Thunder Bay, Ontario. It holds a 100% interest in Brenbar, which consists of two mining leases covering 255 hectares contiguous and to the west of Ishkoday. It has a 100% interest in the Jubilee-Elmhirst, Beaurox and Twin Falls property. The Company also owns a 30% joint venture interest and Canadian Gold Miner Corp.


TSXV:LME - Post by User

Laurion Mineral Exploration Inc. > Why are they not drilling?
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Comment by matlason Jul 11, 2023 11:51am
198 Views
Post# 35535552

RE:Why are they not drilling?

RE:Why are they not drilling?I think that there can only be one answer that makes sense: BECAUSE THEY DON'T NEED TO!

Why else? It is not as though they don't have the funds to do it. Furthermore, since they originally planned to do some, it is reasonable to assume that they had the drilling rig linesd up.

The suggestion that there would not be an locations worth drilling makes no sense at all.

The only explanation that makes sense to me is that they are so far advanced with and confident about making a deal with a particular buyer that they are not bothering with that. If they were not completely confident, they would be doing some drilling so as not to waste this drilling season.

I think Not2Smart also summed it up quite well in a recent post.
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